Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Dominican Republic - 2023

Contents:

1. Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Dominican Republic (CIF) - 2022
2. Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Dominican Republic (FOB) - 2022
3. Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Dominican Republic
4. Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Dominican Republic

Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Dominican Republic (CIF) - 2022

In 2022, the average import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s amounted to $3,018 per ton, increasing by 55% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s increased by +84.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($7,069 per ton), while the price for Canada ($1,077 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Dominican Republic (FOB) - 2022

The average export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $4,420 per ton in 2022, surging by 15% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s increased by +81.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 54%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($14,837 per ton), while the average price for exports to Trinidad and Tobago ($2,650 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+18.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Dominican Republic

In 2022, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s into the Dominican Republic skyrocketed to 620 tons, increasing by 17% on the previous year. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s skyrocketed to $1.9M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) to the Dominican Republic in 2022:

1. China (446.5 tons)
2. Canada (87.7 tons)
3. United States (33.4 tons)
4. Netherlands (18.6 tons)
5. Italy (18.6 tons)
6. Costa Rica (13.6 tons)

Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Dominican Republic

In 2022, after three years of growth, there was significant decline in shipments abroad of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s, when their volume decreased by -13% to 3.1 tons. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 103%.

In value terms, exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s reached $14K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 128%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) from the Dominican Republic in 2022:

1. Panama (2589.0 kg)
2. Trinidad and Tobago (317.0 kg)
3. United States (116.0 kg)
4. Haiti (49.0 kg)

Source: IndexBox Market Intelligence Platform